[Alpha Biz=(Chicago) Reporter Paul Lee] Schindler Age Holdings, the world's second-largest elevator company, sold part of its stake in Hyundai Elevator. 

 

According to the Financial Supervisory Service's electronic disclosure on the 26th, Schindler Age Holdings sold 90,119 shares (0.54%p) of Hyundai Elevator in the market.

 

The sale price per share is planned to be 43,441 won from 42,839 won from the 21st to the 27th.

Some predict that concerns such as management disputes raised by some have been diluted following the sale of Schindler's stake.

Schindler said he sold some of his holdings due to a recent rise in stock prices.
 

"We will continue to maintain more than a 10% stake in Hyundai Elevator and remain a major shareholder of Hyundai Elevator," Schindler said. "We will keep a close eye on whether controlling shareholders and management do not undermine the company's value and shareholders' interests again."

 

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